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1200 Club View Drive

Updated Dec 4, 2024

Cheryl & Jim Markham Purchase $6.2M Condo From Emaar Properties In Los Angeles
SOLDCondo

Cheryl & Jim Markham Purchase $6.2M Condo From Emaar Properties In Los Angeles

1200 Club View Drive

$6,200,000

$1,491/SF

Building Size

4,158 SF

Asset Type

Condo

Closing

Jun 6, 2024

About this deal

AI

The property involved in the transaction is a 4,158-square-foot condo located at 1200 Club View Drive in Los Angeles. The condo was sold for $6,200,000, translating to a price per square foot of $1,491. Situated on the 14th floor of Beverly West, the residence offers panoramic views, modern furnishings, and exclusive amenities like 24/7 security, valet parking, and a saltwater pool, providing a stylish urban retreat in the heart of the Wilshire Corridor.

Summary of transaction details:

Celebrity haircare pioneer Jim Markham and his wife Cheryl have acquired the luxurious condo, opting for a pied-à-terre in Los Angeles as they divest their Newport Beach mansion. The Markhams will now enjoy the exclusivity and comfort provided by the property's amenities and prime location in the city, making it a sought-after urban retreat.

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$6,200,000

$1,491/SF

Condo

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Players

Sally Forster Jones

Compass

Broker

$556.6M

vol

32 deals

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Deal FAQ

About $1.5K per square foot on a published $6.2M for 4,158 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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